Total monthly cost of ownership
Cost to Own a Home in Craig, Colorado
A $253,000 home here costs
$1,945per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $83,500 a year.
A standard mortgage calculator would have told you $1,379. The real number is $566 higher every month, 41% more than the payment most buyers budget for.
Compare Moffat County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Craig against Moffat County and Colorado
| Measure | Craig | Moffat County |
|---|---|---|
| Median home value | $252,900 | $262,500 |
| Median property tax | $1,173 | $1,129 |
| Effective tax rate | 0.464% | 0.430% |
| Median gross rent | $1,060 | $1,051 |
| Population | 9,022 | 13,258 |
The weather behind that power bill
Craig sits in Moffat County, which averages a high of 86.2°F in its hottest month and a low of 0.9°F in its coldest, with 12.62" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 148 cooling and 8,669 heating degree days, which is what sets the $116 electricity line above.
See the full climate breakdown for Moffat County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Moffat County
No other places of this size are published in Moffat County.
Full Moffat County cost breakdown · Every county in Colorado
Talk to someone who works this market
These are Craig averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Craig every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Craig?
A $253,000 home in Craig, Colorado costs approximately $1,945 per month with 20% down at 7.24%. That is $1,379 principal and interest, $98 property tax, $73 homeowners insurance, $184 utilities and $211 set aside for maintenance.
What is the property tax rate in Craig?
Craig has an effective property tax rate of 0.464%, based on a median home value of $252,900 and median real estate taxes of $1,173. That is higher than the Moffat County average of 0.430%.
What is the average home price in Craig?
The median owner-occupied home value in Craig, Colorado is $252,900, against $262,500 across Moffat County.
Is it cheaper to rent or buy in Craig?
Median gross rent in Craig is $1,060 a month, against $1,945 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Craig?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Craig, Colorado at today's rate takes a household income of roughly $83,500 a year. That covers the full $1,945 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Craig, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Colorado.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.